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General

JP Morgan takes stake in KPN

Monday 19 August 2013 | 13:33 CET | News
JP Morgan Chase has reported a 3.53 percent stake in Dutch operator KPN, according to a filing with the securities regulator AFM. Other investors reporting in recent weeks stakes in the operator include BlackRock (2.69%), Discovery Capital Management (3.19%) and Norges Bank (3.09%). The Ontario Teachers Pension Plan Board has reduced its stake from 3.50 percent at the start of July to 2.19 percent as of 09 August. On 09 August, KPN's largest shareholder, America Movil with a nearly 30 percent stake, announced plans for a full takeover bid for the company.

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Categories: General
Companies: America Movil / KPN
Countries: Netherlands
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